Carbon Pulse

EU carbon prices slid early on Monday as the market struggled to absorb the first regular-sized sale following a month of half-volume holiday auctions.

A daily summary of our news plus bite-sized updates from around the world.

EU carbon held above €21 on Friday in another volatile session that cemented a huge gain for August, though observers say prices could come under pressure next week as auction volumes return to normal.

UK emitters will be required to participate in a cross-EU data collection exercise in 2019 to help the bloc plan for the next phase of the EU ETS, the British government has told plant operators, adding that the data could help it design its own post-Brexit carbon pricing system.

California lawmakers’ rush to approve climate-related bills ahead of Friday’s deadline for the 2-year legislative session continued this week, including bills designed to eliminate the release of potent heat-trapping gasses and allow for more forest clearing in an effort to prevent wildfires.

Closing prices, ranges and volumes for China's regional pilot carbon markets this week.

Australian waste specialist firm LMS Energy this week received over 840,000 carbon credits for emission reductions at landfill sites across the nation.

China’s Guangdong province has suspended its regional carbon offset programme, as the local government wants to improve the mechanism before issuing further credits.

A daily summary of our news plus bite-sized updates from around the world.

The US EPA’s Scientific Advisory Board (SAB) on Wednesday posted draft recommendations for gauging carbon emissions from biomass used in power stations, a potential wrinkle in the agency’s guidance issued earlier this year that matched that of the EU ETS in declaring these GHGs as carbon neutral.

North American carbon prices rose on both coasts this week as RGGI prices stayed well-supported ahead of next week’s auction, while California allowances kept on their upward trend seen throughout August.

Big emitters in July picked up their largest share of German-auctioned EU carbon allowances in the past year, as prices continued to rally and ahead of an annual tightening of supply.

One of Bloomberg New Energy Finance’s European power and carbon analysts is leaving the firm, Carbon Pulse has learned.

EU carbon prices leapt back above €21.50 on Thursday in volatile trade, as higher energy prices helped to bolster bullish sentiment.

New Zealand must cut methane emissions from livestock - one of its biggest sources of GHG emissions - by as much as 22% below 2016 levels to avoid having further impact on global climate change, the parliamentary commissioner on the environment said Thursday.

New Zealand carbon permits on Thursday traded above the NZ$25 fixed price option as emitters sought to pick up as many as possible for future use amid expectations that the price ceiling will increase and prices continue to rise.

Negotiations on the future carbon market mechanisms under Article 6 of the Paris Agreement are making good progress, with expectations that next week’s climate conference in Bangkok will see final text start to take shape, according to stakeholders.

Reaching agreement on replenishment in the GCF family is easier said than done. Among several hotly debated issues at its last Board meeting was an hours-long discussion of how to launch replenishment -- with no resolution. If we want the GCF to succeed, the Board needs to get past the logjam. Here’s WRI's take on how they could.

A daily summary of our news plus bite-sized updates from around the world.

Enacting a federal carbon pricing scheme in the US will need to the overcome the contradictory public relations and lobbying arms of oil companies in Washington DC in order to move forward, while Republicans need to run on climate issues to court a growing and concerned youth vote, experts and lawmakers said in a webinar on Wednesday.